MINNEAPOLIS-Bruce Lambrecht is proposing a site he owns in thewarehouse district of Downtown Minneapolis as apotential site for a new privately funded professionalbaseball park.

Lambrecht is president of InvestmentManagement Inc., which owns a site between North 5thand North 7th streets in Downtown Minneapolis. Heargues that his site would be less expensive–up to$100 million cheaper–than others being consideredbecause it already has nearby parking and publictransportation.

A 40,000-seat open stadium wouldlikely cost from $250 million to $270 million, hesays. Lambrecht made his case to the New BallparkInc. panel, a 17-member group appointed by city andbusiness leaders to study issues concerning aprivately-funded ballpark for the Minnesota Twins.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.